There is no time like the present. While many sectors of the economy may be uncertain, the demand for real estate of all types has not diminished. Moreover, while you may have entered the property with an exit strategy planned out, life has a way of changing things, and savvy investors understand that plans may need adjustment from time to time.
If you own land and you’re reading this, it is highly likely that selling your land has crossed your mind from time to time as a solution to many different needs or wants in your life. So read on as we explore three reasons why now is the time to sell your land in Richmond.
Higher Returns
If you’ve stumbled upon an investment opportunity that will allow you to realize higher returns on your investment dollar, or maybe you’re ready to find an investment property that will do so, then now is a great time to sell your land in Richmond. Then, you could take advantage of the 1031 exchange tax laws, purchase another investment property of like kind for an equal or greater value, and avoid costly penalties. You’ll save time by selling directly to a professional investor like those at RVA Home Buyers with your guaranteed closing in just days. After all, the clock is ticking when utilizing the 1031 exchange laws.
Cash Out
If you’re ready, begin checking a few things on your bucket list, then now is the time to sell your land in Richmond;. For example, maybe you’ve always imagined owning a special asset such as a luxury sports car or boat. Or perhaps it’s time to begin your RV journey across the country to visit friends and family. So why not start relaxing right now? Keep in mind that you need to pinpoint the value of the land accurately because those seeking land are a small and specialized pool of buyers who know how much land they can purchase for the amount you’re asking. An error in either direction can cause your land to linger on the real estate market and inevitably equates to a lower final sales price. Our passion is helping investors realize the highest profit at RVA Home Buyers while we help you solve your problems. The professional investors at RVA Home Buyers will help you value your land and detail how much you would earn by listing vs. our offer, which you’ll agree is fair. You’ll save yourself a great deal of stress by selling directly to a professional investor like those at RVA Home Buyers for cash; you’ll avoid all of the tensions of waiting for a buyer, avoid the hassles and costs of listing and live the dream or take off for horizons unknown.
Financial Need
Even though there aren’t any improvements on your land, there are still costs associated with holding property, such as taxes and any vacant land insurance you may carry. If the property is within the bounds of an HOA, you’ll also be paying fees to the association. Depending upon the zoning, you may also need to keep the property mown and clear of rubbish or pay penalties. Another issue that can arise with vacant land is the unexpected actions of others, such as illegal dumping of toxic materials that cause an environmental hazard, which can be extremely costly. So while you may be willing to sell at a lower price to hurry the sale along, remember that setting the right sales price on real estate from the start can have a significant effect on the outcome. With the price too low, buyers will likely suspect a hidden problem with the ground and pass on the listing. You may also find that your financial circumstances have changed, and cashing out of your land will give your bank account the boost to resolve your issues. Finally, you’ll save money by selling directly to an expert like the professional investors at RVA Home Buyers and avoid paying costly real estate commissions or closing costs.
Why not discuss your situation with the professional investors at RVA Home Buyers who can help you determine if now is the time to sell your land in Richmond. At RVA Home Buyers, we want you to make a fully educated decision that you are happy with long after leaving the closing table; we lay out all of the details, allowing you to see the numbers yourself. If you would realize better returns through a conventional listing, the pros at RVA Home Buyers will tell you so. At RVA Home Buyers, we live and work here in Richmond, and we care about our neighbors. And if you’re seeking investment property for higher returns, a professional investor like those at RVA Home Buyers can help you locate your next property. Don’t forget to ask about the current inventory at RVA Home Buyers of the best investment properties available in Richmond. Contact RVA Home Buyers at (804) 420-8515.
